On July 20, 2023, Cadence Design Systems, Inc., a pivotal leader in electronic systems design, and Rambus Inc., a premier chip and silicon IP provider making data faster and safer, announced that they have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Wilson Sonsini Goodrich & Rosati advised Rambus on the transaction.

Rambus will retain its digital IP business, including memory and interface controllers and security IP. The expected technology asset purchase also brings Cadence proven and experienced PHY engineering teams in the United States, India, and Canada, further expanding Cadence’s domain-rich talent base.

The transaction is expected to close in the third calendar quarter of 2023, subject to certain closing conditions.

The Wilson Sonsini team that advised Rambus on the transaction includes:

M&A
Rob Ishii
Ethan Lutske
Nikkisha Smith
Stacy Lee
Cindy West

Corporate
Michael Coke
Amanda Urquiza
Eric Abram

Technology Transactions
John McGaraghan
Audrey Garfield
Alan Pate
Atussa Simon

Privacy and Cybersecurity
Matthew Staples
Daniel Chen
Dantam Le

Tax
Myra Sutanto Shen
Anjali Krishnan

Employee Benefits and Compensation
Scott McCall
Jessica Bliss

Employment Litigation
Rebecca Stuart

Antitrust and Competition
Scott Sher
Todd Hahn
Matthew McDonald

Real Estate
Susan Reinstra
Martin Sul
Sean Wilkinson

Regulatory
Josephine Aiello LeBeau
Anne Seymour

For more information, please see the companies’ news release.